The Treasury Inspector General for Tax Administration (TIGTA) in a recent report said the IRS has improved its process for auditing high-income tax payers, but said the service could make more efficient use of its resources by rethinking just who counts as high-income in the first place.

Yes, sometimes being the boss requires laying down the law, cracking the whip, putting the fear of God into people, and various other metaphors for exerting your authority in ways that may not be seen as friendly. But, just like being too nice is a bad idea, so is being too mean.

The Financial Accounting Foundation (FAF) plans to tweak the operations and procedures of the Private Company Council without substantially changing its approach to non-public company financial reporting standards.

SEC Chief Accountant James Schnurr has recommended that public companies in the U.S. be allowed to supplement their GAAP financial information with International Financial Reporting Standards if they so choose.

We've heard about robots being financial advisers and even CEOs, but a recent report from the National Bureau of Economic Research has found that computer algorithms may even be more skilled at deciding who to hire in the first place.

There are times, I suppose, when a burlap bag with a giant dollar sign painted on it just won't do. For the times in your life when you need to move $1 million in cash from one location to another, a new bag designed specifically for that purpose might be the answer to perhaps the number one problem we'd all like to have.

A lot of companies have certain perks that, while not necessary life-altering, do their part by making the work day just a little more tolerable. While budget-conscious managers may think getting rid of them won't make much of a difference, a recent article in Bloomberg suggests it can have a bigger impact than people might think.

Negotiations between the Public Company Accounting Oversight Board (PCAOB) and the Chinese government over a possible joint inspection program have fallen through over terms that the board felt were overly narrow.